Step-by-Step Guide to YEIDEP and Other Government Funding for Young Entrepreneurs

Starting a business in Nigeria often stalls at the funding stage. Banks demand collateral, credit history and financial records many young startups lack. Government-backed schemes like the Youth Economic Intervention and De-Radicalisation Programme (YEIDEP) now offer grants and loans to close that gap. The 2026 registration phase is open, giving millions of eligible youths a fresh opportunity to apply for startup support. By understanding YEIDEP’s eligibility criteria and application process—as well as other initiatives from the Bank of Industry and NIRSAL—you can better prepare your proposal and increase your chances of securing funding.

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